Bucks President Peter Feigin says any overage will be paid by the team and its owners.

Bucks President Peter Feigin says any overage will be paid by the team and its owners.

Share

Shares

Copy Link

{copyShortcut} to copy
Link copied!

Updated: 6:48 PM CST Nov 4, 2015

Hide TranscriptShow Transcript

WEBVTT COULD SOON GET OUR FIRST INSIDE LOOK AT THE NEW MILWAUKEE BUCKS ARENA. NEW AT 6:00 12 NEWS KENT , WAINSCOTT IS HERE, AND KENT, WE'RE ALSO LEARNING THE PROJECT COULD COST MORE THAN ORIGINALLY PLANNED? THEY SAY IT WILL BE A CHALLENGE TO COMPLETE THE PROJECT FOR THE ORIGINAL ESTIMATE OF $500 MILLION. HE POINTED OUT THAT ANY ADDITIONAL COSTS WILL BE PAID FOR BY THE TEAM AND ITS OWNERS, NOT THE TAXPAYERS. HE SAYS THE $500 MILLION REMAINS THE GOAL , BUT THAT BECOMES MORE DIFFICULT. I THINK WE ARE LOOKING TO KEEP IT AS CLOSE AS WE POSSIBLY CAN. THE LONGER THE PROJECT GOES, THE HARDER IT IS TO KEEP IT WITHIN BUDGET. A NEW DETAIL DESIGN PLAN COULD GO TO THE COMMON COUNCIL BY NEXT WEEK. WE COULD SEE SOME NEW RENDERINGS OF THE INTERIOR FOR THE ARENA AS EARLY AS SATURDAY. AS FOR THE GROUNDBREAKING, NOW PUSHED BACK TO NEXT YEAR.

Arena project will be hard pressed to stay within budget

Bucks President Peter Feigin says any overage will be paid by the team and its owners.